Is Have Faith Community Development Corporation Legit?
Quick charity verification for Have Faith Community Development Corporation (EIN: 20698186)
Verdict: Have Faith Community Development Corporation appears trustworthy
70/100Mission Score
$359KRevenue
$188KAssets
3Red Flags
4Strengths
Red Flags
Significant year-to-year revenue volatility (e.g., $0 in 2022 after $27,203 in 2021, then $150,127 in 2023).
Lack of detailed expense breakdown in provided data, making efficiency analysis difficult.
Zero reported officer compensation, which, while potentially positive, can also indicate reliance on unpaid labor or an unusual compensation structure for an organization of this size.
Strengths
Consistent IRS 990 filing history (14 filings) demonstrates commitment to compliance.
Zero reported liabilities across all periods indicates strong financial management and no debt burden.
Consistent reporting of 0% officer compensation suggests resources are directed away from executive salaries.
Positive asset growth from $1 in 2015 to $105,477 in 2023, indicating some capacity building.
Spending Breakdown
How Have Faith Community Development Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Have Faith Community Development Corporation
Is Have Faith Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Have Faith Community Development Corporation (EIN: 20698186) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
Is Have Faith Community Development Corporation a good charity to donate to?
Have Faith Community Development Corporation has a Mission Score of 70/100. Revenue: $359K. Assets: $188K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Have Faith Community Development Corporation?
The Employer Identification Number (EIN) for Have Faith Community Development Corporation is 20698186. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Have Faith Community Development Corporation spend its money?
Have Faith Community Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Have Faith Community Development Corporation's tax-exempt status?
You can verify Have Faith Community Development Corporation's tax-exempt status using EIN 20698186 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Have Faith Community Development Corporation demonstrates a fluctuating financial history, with significant revenue and expense variations over the past decade. While the organization reported $150,127 in revenue and $137,759 in expenses in 2023, there was a period in 2022 with zero reported revenue and $25,542 in expenses, indicating potential instability or reliance on prior year reserves. The organization consistently reports zero liabilities and zero officer compensation, which suggests a lean operational structure and a commitment to directing funds towards its mission rather than executive salaries. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging. The consistent filing of IRS 990 forms over 14 periods indicates a commitment to regulatory compliance and basic transparency, but without more granular data on program, administrative, and fundraising expenses, a deeper analysis of their operational efficiency is limited. The asset growth from $1 in 2015 to $105,477 in 2023, despite periods of low or no revenue, suggests careful management of resources when available.